First Virginia Bank-Southwest in Roanoke, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 10, 2003

  • First Virginia Bank-Southwest in Roanoke, Virginia (VA)
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First Virginia Bank-Southwest - Overview

  • General
  • FDIC Certificate #: 20877
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
    Federal Reserve ID: 208329
    Date Established: December 04, 1972
    WWW: http://www.firstvirginia.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 60 (Interstate: No)
    FDIC's unique #: 14422
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 04, 1972
    Last Structure Change Effective Date: October 10, 2003
    Last Structure Change Process Date: November 04, 2003
    Last Data Update: November 04, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 6625 Williamson Road, Roanoke, VA 24019
    County: Roanoke
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Roanoke, VA (#6800)
    Core Based Statistical Area (CBSA): Roanoke, VA (#40220)
    CBSA Metro Statistical Area: Roanoke, VA (#40220)
  • Financial Summary
  • Total assets: $1,484.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2002)

  • Dollar figures in thousands
  • 525Total employees (full-time equivalent)
  • $1,431,733Total assets
  • $45,730Cash and due from depository institutions
  • $0Interest-bearing balances
  • $524,615Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $820,453Net loans & leases
  • $9,208Loan loss allowance
  • $0Trading account assets
  • $14,906Bank premises and fixed assets
  • $592Other real estate owned
  • $2,502Goodwill and other intangibles
  • $0Life insurance assets
  • $22,935All other assets
  • $1,431,733Total liabilities and capital
  • $1,341,046Total liabilities
  • $1,221,175Total deposits
  • $1,025,319Interest-bearing deposits
  • $1,221,175Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $56,909Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $49,700Other borrowed funds
  • $0Subordinated debt
  • $13,262All other liabilities
  • $90,687Total equity capital
  • $90,687Total bank equity capital
  • $90,687Perpetual preferred stock
  • $0Common stock
  • $23,839Surplus
  • $28,709Undivided profits
  • Memoranda
  • $38,139Noncurrent loans and leases
  • $137,604Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,575Earning assets
  • $0Long-term assets (5+ years)
  • $5,248Average Assets, year-to-date
  • $1,345,068Average Assets, quarterly
  • $672,299Volatile liabilities
  • $1,425,509Insider loans
  • $1,425,875FHLB advances
  • $198,689Loans and leases held for sale
  • $4,748Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $137,604Total unused commitments
  • $0Restructured Loans and leases
  • $9,208Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $88,827Total interest income
  • $26,698Total interest expense
  • $62,129Net interest income
  • $823Provision for loan and lease losses
  • $12,871Total noninterest income
  • $0Fiduciary activities
  • $8,951Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,920Additional noninterest income
  • $46,326Total noninterest expense
  • $17,214Salaries and employee benefits
  • $3,603Premises and equipment expense
  • $25,509Additional noninterest expense
  • $27,851Pre-tax net operating income
  • $0Securities gains (losses)
  • $9,626Applicable income taxes
  • $18,225Income before extraordinary items
  • $0Extraordinary gains - net
  • $18,225Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,408Sale, conversion, retirement of capital stock, net
  • $15,500Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.67%Yield on earning assets
  • 2.00%Cost of funding earning assets
  • 4.66%Net interest margin
  • 0.97%Noninterest income to earning assets
  • 3.48%Noninterest expense to earning assets
  • 1.28%Net operating income to assets
  • 1.28%Return on assets (ROA)
  • 1.95%Pretax return on assets
  • 19.62%Return on equity (ROE)
  • 2.93%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 58.45%Credit loss provision to net charge-offs
  • 20.37%Efficiency ratio
  • 61,231Assets per employee
  • 2.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 85.05%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 584.63%Noncurrent assets plus other real estate owned to assets
  • 0.15%Noncurrent loans to loans
  • 0.19%Net loans and leases to deposits
  • 67.19%Net loans and leases to core deposits
  • 72.66%Equity capital to assets
  • 6.33%Core capital (leverage) ratio
  • 6.16%Tier 1 risk-based capital ratio
  • 10.95%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,425,509Average earning assets
  • $92,911Average equity
  • $1,332,456Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $45,359Managed Assets
  • 1Number of Accounts
  • $45,359Personal trust and agency accounts
  • $35,208Employee benefit-defined contribution accounts
  • $722Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $4,570Corporate trust and agency accounts
  • $1Investment management agency accounts
  • $4,859Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 116Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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